Daiwa Securities Co., Ltd., Investment Arm completed the acquisition of an additional 10.1% stake in Axel Mark Inc. from Septeni Holdings Co., Ltd. for approximately ¥450 million.
November 09, 2016
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Daiwa Securities Co., Ltd., Investment Arm agreed to acquire an additional 10.1% stake in Axel Mark Inc. (TSE:3624) from Septeni Holdings Co., Ltd. (JASDAQ:4293) on November 8, 2016. Under the terms of the transaction, Septeni Holdings will sell 0.44 million shares. The deal is expected to close in between November 9, 2016 and November 30, 2016.
Daiwa Securities Co., Ltd., Investment Arm completed the acquisition of an additional 10.1% stake in Axel Mark Inc. (TSE:3624) from Septeni Holdings Co., Ltd. (JASDAQ:4293) for approximately ¥450 million on November 10, 2016.
Septeni Holdings Co Ltd is a Japan-based company principally engaged in the Internet advertising business. The Company operates its business through two business segments. The Internet Marketing segment is involved in the provision of Internet advertising support, the operation of marketing platforms such as cloud-based customer relationship management (CRM) services and affiliate networks, and the other businesses that support Internet marketing for companies. The Media Content segment provides manga contents, recruitment platform, social contribution platform, medical platform, childcare platform.
Daiwa Securities Co., Ltd., Investment Arm completed the acquisition of an additional 10.1% stake in Axel Mark Inc. from Septeni Holdings Co., Ltd. for approximately ¥450 million.